Gulf Oil and Gas accountACCOUNT

DNO increases in Block 43, Yemen

Source: www.gulfoilandgas.com 7/2/2004, Location: Middle East

DNO has increased its interest in Block 43, Yemen by 6.67 % to 56.67 %, following the previous coventurer First Calgary Petroleum (FCP) withdrawal from the license.

FCP's 10 % interest in Block 43 has now been distributed proportionally to DNO ASA by 6.67 & and Oil Search Ltd by 3.33 % following the failure of FCP to meet its obligation under the PSA (default). The resulting partners and their associated interests in the license are as follows:

DNO ASA: 56.67 % (Operator)
Oil Search Ltd: 28.33 %
TYC: 15.00 % (carried)

Block 43 contains the recent Nabrajah discovery with initial estimated reserves of 10 - 12 million barrels, of which DNO's pre-tax share is 5.7 - 6.8 million barrels.

Following the positive results from Nabrajah-1 discovery well reported earlier this year, two appraisal wells will now be drilled commencing within the next few weeks. The forward plan is to work towards a field development plan for submission to the Yemen authorities towards the end of 2004. If the field development starts early 2005 first oil production from Nabrajah could commence in 3rd quarter 2005.


Drilling News in Yemen >>

Israel >>  1/16/2019 - Energean Oil and Gas plc (ENOG) intends to announce its preliminary results for the year to 31 December 2018 on Thursday 21 March 2019. In advance of...
Peru >>  1/15/2019 - Frontera Energy Corporation (FEC) (Frontera) announces an operational update. All values in this news release and the Company's financial disclosures ...

Trinidad and Tobago >>  1/15/2019 - Touchstone Exploration Inc. (“Touchstone”) (TXP) announces an operational update. ...
United States >>  1/14/2019 - LLOG Exploration Company, L.L.C. (LLOG), a privately-owned exploration and production company focused on the deepwater Gulf of Mexico (...

Ghana >>  1/10/2019 - Aker Energy, as the operator of the Deepwater Tano Cape Three Points (DWT/CTP) block, announces that it is about to complete a successful drilling ope...
Nigeria >>  1/10/2019 - Eland Oil & Gas PLC, an oil & gas production and development company operating in West Africa with an initial focus on Nigeria, is delighted to announ...

Related Categories: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 

Related Articles: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 


Yemen Oil & Gas 1 >>  2 | 3 | 4 | 5 |

Oil & Gas Projects in Yemen >>

More News

Related Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.